ExtraHop, Profibrix, Avalara Lead Way Toward $70M in Equity Deals for WA Companies in May

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Companies working on IT management, drug development, and software of all kinds led the way to about $70 million worth of equity deals in Washington state during May, according to data compiled by CB Insights.

Fourth place went to Billing Revolution, a mobile payments startup that raised $6.6 million in a Series B financing round led by DCM and SK Telecom Ventures. The company was founded by CEO Andy Kleitsch, an AT&T Wireless alum who founded WeddingChannel.com and sold it to The Knot for about $80 million.

Rounding out the top five for May was Adapx, which makes software that lets field workers digitally record their physical penstrokes, cutting down on bulky and time-consuming paperwork. Adapx’s $5 million round included its previous venture capital investors: Kirkland, WA-based OVP Venture Partners, Washington, D.C.-based Paladin Capital Group, and Salt Lake City-based Pelion Venture Partners. Adapx started out life working with the military, as a supplier to DARPA.

Check out the full list for a detailed breakdown of the rest of May’s equity deals of $500,000 or more from CB Insights, which amounted to just over $67 million. There were several more small-dollar deals, which upped the overall equity total to around $70 million for the month. We’ve also got a separate breakout on debt financings, dominated by $40 million for Microvision (NASDAQ: MVIS), a Redmond, WA-based developer of light display technologies.